ORLANDO, Fla. — Editor’s note: This article is the result of a content partnership between WFTV and Orlando Business Journal.
An upcoming Seminole County Commission meeting could help develop an ordinance and subsequent funding mechanism to prioritize sports tourism in one of Florida’s most densely populated counties.
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A tourism improvement district is a hospitality-specific version of a traditional business improvement district, typically requiring fees or assessments within the area to raise funds for designated purposes without relying on general government taxes. will be charged. Similar to the county’s tourism development tax, a tourism improvement district that taxes hotels could secure funding for initiatives that Seminole County leaders believe will greatly benefit the county’s economy.
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Regulations for the Tourism Improvement District Ordinance will be drafted at the May 14 commission meeting, Commissioner Jay Zembower told the Orlando Business Journal at the Westin Lake Mary on May 3. The statement was made during a panel discussion on business activities in Seminole County. After that, the next step is to ask hotels in the county to sign a petition indicating their intent to participate.
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Click here to read the full story on the Orlando Business Journal website.
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